Orchids Paper meets 4Q profit forecasts

PRYOR, Okla. (AP) _ Orchids Paper Products Co. (TIS) on Tuesday reported fourth-quarter profit of $2.6 million.

On a per-share basis, the Pryor, Oklahoma-based company said it had profit of 25 cents.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 25 cents per share.

The maker of bulk tissue paper products posted revenue of $37.7 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $41.4 million.

For the year, the company reported profit of $12.8 million, or $1.24 per share. Revenue was reported as $164.5 million.

Orchids Paper shares have climbed 4 percent since the beginning of the year. The stock has risen 1 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TIS at https://www.zacks.com/ap/TIS

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Keywords: Orchids Paper Products, Earnings Report